The impact and transmission mechanisms of financial agglomeration on eco-efficiency: Evidence from the organization for economic co-operation and development economies
被引:24
作者:
Cui, Shibo
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Dalian Univ Technol, Sch Econ & Management, Dalian 116024, Liaoning Provin, Peoples R ChinaDalian Univ Technol, Sch Econ & Management, Dalian 116024, Liaoning Provin, Peoples R China
Cui, Shibo
[1
]
Wang, Zixuan
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机构:
North China Elect Power Univ, Dept Econ Management, Baoding 071003, Hebei Province, Peoples R China
North China Elect Power Univ, Dept Econ Management, Huadian Rd, Baoding 071003, Hebei Province, Peoples R ChinaDalian Univ Technol, Sch Econ & Management, Dalian 116024, Liaoning Provin, Peoples R China
Wang, Zixuan
[2
,3
]
机构:
[1] Dalian Univ Technol, Sch Econ & Management, Dalian 116024, Liaoning Provin, Peoples R China
[2] North China Elect Power Univ, Dept Econ Management, Baoding 071003, Hebei Province, Peoples R China
[3] North China Elect Power Univ, Dept Econ Management, Huadian Rd, Baoding 071003, Hebei Province, Peoples R China
Whether financial agglomeration is conducive to eco-efficiency is of great importance for countries to better pursue cleaner production, low carbon emission reduction, and sustainable development paths. This paper fo-cuses on 38 Organization for Economic Co-operation and Development (OECD) members. Based on the scientific accounting of green eco-efficiency by the super-efficiency slack-based measure (SBM) model, the relationship between financial agglomeration and eco-efficiency is thoroughly investigated by combining the spatial Durbin model (SDM), the mediating effects model, and the panel threshold regression (PTR) model, bridging the knowledge gap. Empirical results reveal that (1) Financial agglomeration has strong positive externalities for eco-efficiency in the home country and its neighbors, with the trickle-down effect playing a key role. (2) Financial agglomeration can indirectly promote cleaner production and eco-efficiency by strengthening technological innovation and upgrading industrial structure, with the latter being more strongly mediated. (3) The effect of financial agglomeration in enhancing eco-efficiency has clear stage differences. The low-level financial agglomeration will impede the improvement of green eco-efficiency while the high-level will support it, which is in line with the Environmental Kuznets Curve theory and the law of economic development. The research broadens the theoretical underpinnings of financial agglomeration and eco-efficiency and provides guidance and implications for OECD members and other emerging economies on how to optimize the spatial allocation of financial resources, promote eco-efficiency, and advance green sustainable development.
机构:
Univ Tun Hussein Onn Malaysia UTHM, Fac Technol Management & Business, Dept Business Management, Parit Raja 86400, Johor, MalaysiaUniv Tun Hussein Onn Malaysia UTHM, Fac Technol Management & Business, Dept Business Management, Parit Raja 86400, Johor, Malaysia
Abu Seman, Noor Aslinda
Govindan, Kannan
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机构:
Univ Southern Denmark, Dept Technol & Innovat, Ctr Sustainable Supply Chain Engn, Odense, DenmarkUniv Tun Hussein Onn Malaysia UTHM, Fac Technol Management & Business, Dept Business Management, Parit Raja 86400, Johor, Malaysia
Govindan, Kannan
Mardani, Abbas
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机构:
Univ Teknol Malaysia, AHIBS, Johor Baharu 81310, Johor, MalaysiaUniv Tun Hussein Onn Malaysia UTHM, Fac Technol Management & Business, Dept Business Management, Parit Raja 86400, Johor, Malaysia
Mardani, Abbas
Zakuan, Norhayati
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机构:
Univ Teknol Malaysia, AHIBS, Johor Baharu 81310, Johor, MalaysiaUniv Tun Hussein Onn Malaysia UTHM, Fac Technol Management & Business, Dept Business Management, Parit Raja 86400, Johor, Malaysia
Zakuan, Norhayati
Saman, Muhamad Zameri Mat
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机构:
UTM, Sch Mech Engn, Fac Engn, Dept Mfg & Ind Engn, Johor Baharu 81310, MalaysiaUniv Tun Hussein Onn Malaysia UTHM, Fac Technol Management & Business, Dept Business Management, Parit Raja 86400, Johor, Malaysia
Saman, Muhamad Zameri Mat
Hooker, Robert E.
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机构:
Univ S Florida, Dept Mkt, Coll Business Adm, Tampa, FL 33813 USAUniv Tun Hussein Onn Malaysia UTHM, Fac Technol Management & Business, Dept Business Management, Parit Raja 86400, Johor, Malaysia
Hooker, Robert E.
Ozkul, Seckin
论文数: 0引用数: 0
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Univ S Florida, Dept Mkt, Coll Business Adm, Tampa, FL 33813 USAUniv Tun Hussein Onn Malaysia UTHM, Fac Technol Management & Business, Dept Business Management, Parit Raja 86400, Johor, Malaysia
机构:
Univ Calif Los Angeles, Dept Econ, Los Angeles, CA 90095 USAUniv Calif Los Angeles, Dept Econ, Los Angeles, CA 90095 USA
Buera, Francisco J.
Kaboski, Joseph P.
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机构:
Univ Notre Dame, Dept Econ, Notre Dame, IN 46556 USAUniv Calif Los Angeles, Dept Econ, Los Angeles, CA 90095 USA
Kaboski, Joseph P.
Shin, Yongseok
论文数: 0引用数: 0
h-index: 0
机构:
Washington Univ, Dept Econ, St Louis, MO 63130 USA
Fed Reserve Bank St Louis, St Louis, MO USAUniv Calif Los Angeles, Dept Econ, Los Angeles, CA 90095 USA
机构:
Univ Tun Hussein Onn Malaysia UTHM, Fac Technol Management & Business, Dept Business Management, Parit Raja 86400, Johor, MalaysiaUniv Tun Hussein Onn Malaysia UTHM, Fac Technol Management & Business, Dept Business Management, Parit Raja 86400, Johor, Malaysia
Abu Seman, Noor Aslinda
Govindan, Kannan
论文数: 0引用数: 0
h-index: 0
机构:
Univ Southern Denmark, Dept Technol & Innovat, Ctr Sustainable Supply Chain Engn, Odense, DenmarkUniv Tun Hussein Onn Malaysia UTHM, Fac Technol Management & Business, Dept Business Management, Parit Raja 86400, Johor, Malaysia
Govindan, Kannan
Mardani, Abbas
论文数: 0引用数: 0
h-index: 0
机构:
Univ Teknol Malaysia, AHIBS, Johor Baharu 81310, Johor, MalaysiaUniv Tun Hussein Onn Malaysia UTHM, Fac Technol Management & Business, Dept Business Management, Parit Raja 86400, Johor, Malaysia
Mardani, Abbas
Zakuan, Norhayati
论文数: 0引用数: 0
h-index: 0
机构:
Univ Teknol Malaysia, AHIBS, Johor Baharu 81310, Johor, MalaysiaUniv Tun Hussein Onn Malaysia UTHM, Fac Technol Management & Business, Dept Business Management, Parit Raja 86400, Johor, Malaysia
Zakuan, Norhayati
Saman, Muhamad Zameri Mat
论文数: 0引用数: 0
h-index: 0
机构:
UTM, Sch Mech Engn, Fac Engn, Dept Mfg & Ind Engn, Johor Baharu 81310, MalaysiaUniv Tun Hussein Onn Malaysia UTHM, Fac Technol Management & Business, Dept Business Management, Parit Raja 86400, Johor, Malaysia
Saman, Muhamad Zameri Mat
Hooker, Robert E.
论文数: 0引用数: 0
h-index: 0
机构:
Univ S Florida, Dept Mkt, Coll Business Adm, Tampa, FL 33813 USAUniv Tun Hussein Onn Malaysia UTHM, Fac Technol Management & Business, Dept Business Management, Parit Raja 86400, Johor, Malaysia
Hooker, Robert E.
Ozkul, Seckin
论文数: 0引用数: 0
h-index: 0
机构:
Univ S Florida, Dept Mkt, Coll Business Adm, Tampa, FL 33813 USAUniv Tun Hussein Onn Malaysia UTHM, Fac Technol Management & Business, Dept Business Management, Parit Raja 86400, Johor, Malaysia
机构:
Univ Calif Los Angeles, Dept Econ, Los Angeles, CA 90095 USAUniv Calif Los Angeles, Dept Econ, Los Angeles, CA 90095 USA
Buera, Francisco J.
Kaboski, Joseph P.
论文数: 0引用数: 0
h-index: 0
机构:
Univ Notre Dame, Dept Econ, Notre Dame, IN 46556 USAUniv Calif Los Angeles, Dept Econ, Los Angeles, CA 90095 USA
Kaboski, Joseph P.
Shin, Yongseok
论文数: 0引用数: 0
h-index: 0
机构:
Washington Univ, Dept Econ, St Louis, MO 63130 USA
Fed Reserve Bank St Louis, St Louis, MO USAUniv Calif Los Angeles, Dept Econ, Los Angeles, CA 90095 USA